Peloton Will Hit New Customers With Hundreds Of Dollars In Fees For Bikes, Citing Inflation Woes
Persistent inflation and snarled supply chains are some of the reasons why Peloton Interactive, Inc. is about to tack on a $250 delivery service for its Bikes and an additional $350 for its Tread, according to the company’s website.
In the fine print, a delivery and setup fee will be applied to every Bike and Bike+ after Jan. 31. Here’s what the fine print says on the website, right before checking out:
All-Access Membership separate. Delivery and setup included with Peloton Bike purchase through 1/30/2022 ($250 Value). No cash value. Not valid outside the United States. Delivery and setup included with purchase only available in continental US. From 1/31/2022 7:00AM EST a delivery and setup fee of $250 applies to the Peloton Bike.
A $350 charge will be added after Jan. 31 for the delivery and setup fee for the Tread. Factoring retail price plus shipping and delivery, the Bike will now cost $1,745 and the Bike+ $2,745. As for the Tread, the total cost with shipping and setup will be $2,845.
Peloton has been selling bikes since 2014. This is the first time the company has charged delivery and setup fees. Peloton’s chief marketing and communications officer, Dara Treseder, told CNBC the added costs were due to “growing inflation and higher supply chain expenses.”- READ MORE
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